Yatayat Corporation Files DRHP with Sebi for IPO Worth Up to 1.33 Crore Equity Shares
Yatayat Corporation India has filed its DRHP with Sebi for an IPO comprising up to 1.33 crore equity shares through fresh issue and offer for sale. The Gujarat-based logistics company operates across 34 branches in 12 states with cross-border capabilities to Bangladesh. The company reported strong financial growth with revenue increasing from ₹269.09 crore in FY23 to ₹448.13 crore in FY25, while profit after tax grew from ₹6.40 crore to ₹30.00 crore during the same period.
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Gujarat-based logistics and transportation services company Yatayat Corporation India has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for its proposed initial public offering. The company operates in the road logistics segment with a focus on Full Truck Load transportation services across key corridors in India.
IPO Structure and Details
The public offering comprises two components totaling up to 1.33 crore equity shares. The fresh issue will consist of up to 77 lakh equity shares, while the offer for sale will include up to 56 lakh equity shares by promoter selling shareholder Meena Praveen Aggarwal.
| Component | Share Count |
|---|---|
| Fresh Issue | Up to 77 lakh equity shares |
| Offer for Sale | Up to 56 lakh equity shares |
| Total Offer Size | Up to 1.33 crore equity shares |
| Selling Shareholder | Meena Praveen Aggarwal |
The equity shares are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited. The company may also consider a pre-IPO placement of equity shares aggregating up to ₹100.00 crore prior to filing the Red Herring Prospectus with the RoC.
Business Operations and Network
Yatayat Corporation operates an extensive logistics network supported by 34 branches and 1 warehouse across 12 states. The company follows an asset-light business model, maintaining a limited number of owned fleets while leveraging an extensive network of fleet owners and transport operators. This hybrid operating model combines owned vehicles and third-party fleet operators, enabling scalability while managing capital intensity.
A key differentiator of the company's logistics platform is its cross-border export capability, particularly between India and Bangladesh. The company offers committed and express delivery services from any region in India to Benapole, Bangladesh. Additional services include:
- Part truck cargo services
- Express freight
- Over dimensional cargo freight
- Multi-modal freight
- Custom house agent services
- Freight forwarding via wholly owned subsidiary
Financial Performance
Yatayat Corporation has demonstrated consistent growth across key financial metrics over the past three fiscal years. The company's revenue from operations and profitability have shown substantial improvement.
| Financial Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Revenue from Operations | ₹448.13 crore | ₹348.34 crore | ₹269.09 crore |
| Profit After Tax | ₹30.00 crore | ₹14.95 crore | ₹6.40 crore |
| Profit Margin | 6.70% | 4.29% | - |
For the three-month period ended June 30, 2025, the company reported revenue of ₹119.68 crore and profit after tax of ₹7.83 crore, reflecting continued operational momentum.
Fund Utilization and Management
Proceeds from the fresh issue are proposed to be utilized towards repayment of certain borrowings, meeting working capital requirements, and general corporate purposes. The other promoters of the company include Shreyan Aggarwal, Meena Praveen Aggarwal, and Sonakshi Aggarwal.
Unistone Capital Private Limited serves as the sole book running lead manager to the issue, while Bigshare Services Private Limited acts as the registrar to the company. The IBA approved Good Transport Agency continues to expand its operations through strategic route expansion and increased freight volumes.
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